Financial crisis in Greece makes oil prices decline

Greece has failed to make a EUR 1.5 billion payment to the International Monetary Fund on time, which has influenced crude oil prices.

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World oil prices have resumed their downward tendency against the backdrop of events in Greece, gazeta.ru wrote.

As of 08:02 Moscow time on Wednesday, August futures for Brent crude oil fell by 0.35% to $63.01 per barrel, while July futures for WTI crude oil were down by 1.21% to $58.75 per barrel.

As UNIAN reported earlier, Greece failed to make a EUR 1.5 billion payment to the International Monetary Fund on time, which in fact means recognition of default on debt.

The eurozone finance chiefs refused to grant an extension of the bailout program to Greece.

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